SEOUL, Oct. 12 (Korea Bizwire) — On an ordinary weekday in downtown Seoul a middle-aged woman walks into a Starbucks to order a cup of coffee. When she takes some paper bills out of her purse to pay the cashier, he politely refuses them and points to a notice at the entrance. “This store doesn’t [...]
KUALA LUMPUR, MALAYSIA, Sept. 25 (Korea Bizwire) – In Global Payment Summit 2018 held in Malaysia, the organizing committee of the event declared that SCRY.INFO had been shortlisted for the final three and had won the Florin Awards! Established in 2010, Florin Asia Innovation Awards has won a solid reputation in global financial industry. Tencent [...]
SEOUL, Jul. 26 (Korea Bizwire) — Credit card companies are on high alert after the launch of a new payment system by the city of Seoul that allows small business owners and their customers to make monetary transactions without any fees. Yesterday, the Seoul Metropolitan Government announced the launch of “Seoul Pay,” a zero transaction [...]
LONDON, Jun. 4 (Korea Bizwire) — Leading global payments provider, Paysafe, today announces the global launch of its latest alternative payment solution – ‘Paysafecash’. The pioneering and ultra-safe online cash payment option has been designed to cater for the sizeable number of online shoppers around the world who still prefer to pay by cash. Recent [...]
SEOUL, Mar. 12 (Korea Bizwire) — Smart contracts based on blockchain technology can effectively prevent delays in payments for delivered goods and make it impossible to unilaterally alter original contracts, a local think tank said Sunday. The report by Korea Small Business Institute (KOSBI) said blockchains can open new horizons for how small and medium [...]
AMSTERDAM, The Netherlands, Sept. 14 (Korea Bizwire) — Acapture, a global, data-driven omnichannel PSP, has launched SlicePay, an easy-to-integrate product designed to reduce the burden of payouts to multiple parties in various countries and currencies. By adding SlicePay to its portfolio, Acapture now offers a BaFin validated, PSD2-compliant solution to its international clientele. It supports [...]
SEOUL, Jan. 5 (Korea Bizwire) – The Financial Supervisory Commission announced Thursday that it will introduce a new biometric payment method that will use the veins on the palm of the hand for identification. According to officials, consumers will be able to make payments by simply having their palm scanned at offline outlets without the [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Koreans’ use of credit cards jumped last year from a year earlier, central bank data said Wednesday, in the latest sign that a growing number of people favor credit cards over cash for transactions. A survey of 2,500 adults by the Bank of Korea showed that credit cards [...]
SEOUL, Jan. 27 (Korea Bizwire) – Koreans make more than half of their payments by credit cards in terms of volume, almost twice as much as Americans. According to a Bank of Korea report entitled “Koreans’ Usage of Payment Means in 2014 and Their Implications” analyzing payment usage in terms of volume by interviewing 2,500 adults [...]
SEOUL, Sep. 20 (Korea Bizwire) – Aladin, an online bookstore in Korea, launched a new type of e-commerce payment service for its website on September 17. Even though the book seller on the Internet has already attempted to introduce the new system in 2009 and again in 2013, it failed to do so since domestic [...]